Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
28 hedge funds and large institutions have $531M invested in Enduro Royalty Trust in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 2 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
0% more funds holding
Funds holding: 28 → 28 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
10% less capital invested
Capital invested by funds: $591M → $531M (-$60.9M)
13% less call options, than puts
Call options by funds: $360K | Put options by funds: $414K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RH
Riverstone Holdings
New York
|
+$170M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$23.6M |
| 3 |
Goldman Sachs
New York
|
+$12.2M |
| 4 |
HCM
Hamlin Capital Management
New York
|
+$3.83M |
| 5 |
CCM
Cohen Capital Management
Corte Madera,
California
|
+$3.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
Carlyle Group
Washington,
District of Columbia
|
-$170M |
| 2 |
CC
Cannell & Co
New York
|
-$4.71M |
| 3 |
KFC
Klingenstein Fields & Co
New York
|
-$2.63M |
| 4 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$1.66M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$318K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Invesco
Atlanta,
Georgia
| $84K | +$33.9K | +2,230 | +50% |
|
|
GT
27
Glenmede Trust
Philadelphia,
Pennsylvania
| $12K | – | – | – |
|
28
Ameriprise
Minneapolis,
Minnesota
| $6K | – | – | – |
|
|
GCP
29
GSA Capital Partners
London,
United Kingdom
| – | -$215K | -13,599 | Closed |
|
30
First Manhattan
New York
| – | -$75K | -5,000 | Closed |
|
NDRO Hedge Fund Activity: Q3 2013 in Review
28 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q3 2013, worth a combined $531M — down 10% from $591M a quarter earlier.
Fund positioning in NDRO was balanced in Q3 2013: 2 funds opened new positions, 2 closed out, 12 added to existing stakes and 10 trimmed.
The largest buyer was Riverstone Holdings, adding an estimated $170M. The largest seller was Carlyle Group, cutting an estimated $170M.
- 28 institutional investors held Enduro Royalty Trust (NDRO) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $531M of Enduro Royalty Trust stock for Q3 2013, down 10% quarter-over-quarter.
- 2 funds opened new Enduro Royalty Trust positions in Q3 2013 and 2 closed out, a net change of 0 holders.
- The largest Enduro Royalty Trust buyer in Q3 2013 was Riverstone Holdings, an estimated $170M added.
- The largest Enduro Royalty Trust seller in Q3 2013 was Carlyle Group, an estimated $170M sold.
Based on aggregated 13F filings for Q3 2013.